Why Did NuScale Stock Soar This Week?
Shares of NuScale Power (NYSE: SMR) rose this week, up 15.5% as of 3:02 p.m. ET on Friday. The move comes as the S 500 (SNPINDEX: ^GSPC) had gained 0.8% and the Nasdaq-100 gained 2%.
NuScale stock is soaring this week after , Amazon, Microsoft, and Meta Platforms reported earnings, revealing the artificial intelligence (AI) megaspend is not slowing down.
The staggering scale of energy required for AI data centers has fueled a major run-up for nuclear energy stocks like NuScale this year. The data center buildout is being driven primarily by capital expenditures from just a handful of companies.
Source Fool.com
Alphabet Inc. A Stock
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